ITAX Deductions R13-140X

Provide the limits allowed on charitable contributions for individuals.

• For cash contributions deduct 60% of AGI.
• Contribution to public charities deduct 50% of AGI.
• Contributions to other charities deduct 30% of AGI.
• Long-term capital gains property to public charities deduct 30%.
• Long-term capital gains property to other charities deduct 20%.
• Unused amounts carried forward for up to 5 years.